Author: lbostgadmin
Sri Lanka says meeting money growth targets, inflation easing
March 30, 2007 (LBO) – Sri Lanka’s Central Bank said Friday it had met its targets for first quarter reserve money expansion, a sign that it had the ability to control raging inflation. Central Bank governor Ajith Nivard Cabraal said it had maintained its first quarter target for reserve money growth of 254 billion rupee […]
Sri Lanka president calls for hard work to sustain economic growth
March 30, 2007 (LBO) – Sri Lankan President Mahinda Rajapakse Friday called for increased productivity and efficiency in both the state and private sector to sustain the momentum of economic growth which hit record levels last year. The growth of 7.4 percent achieved last year despite many challenges proved the validity of the government’s defence […]
Inflation in Sri Lanka stabilizes in March amidst moves to change index
March 30, 2007 (LBO) – Consumer price inflation in Sri Lanka’s capital Colombo fell by 1.7 percent in the month of March though the 12-month difference in price levels was still high at 19.5 percent, data from the statistics office showed Friday. Analysts says unions are likely to oppose any attempts to short change them […]
‘s finances need fixing: Central Bank
March 30, 2007 (LBO) – Sri Lanka’s central bank called for better government budgets to avoid money printing, changes in badly run state firms, more private sector involvement in infrastructure to reduce further build-ups in government debt, in it annual report Friday. Last year the GDP deflator, the broadest measure of inflation at 10.5 percent […]
Hemas Hydro
March 30, 2007 (LBO) – A 2.2 MegaWatt mini-hydro plant built by the power division of Hemas Holding would be connected to the national grid in June, an official said. Hemas Power, a fully subsidiary of Hemas Holdings, signed an agreement on Friday with the BOI to invest 223 million rupees in the Giddawa mini […]
Shelling kills eight civilians in Sri Lanka
March 30, 2007 (AFP) – At least eight civilians were killed and several others wounded in eastern Sri Lanka Friday as government troops and Tamil Tiger rebels exchanged artillery and mortar fire, officials said. Four men and four women were killed when they were hit by shells, a military official in Batticaloa, 303 kilometres (189 […]
Fresh violence in Sri Lanka kills 13, air attacks
March 30, 2007 (AFP) – Sri Lankan war planes bombed suspected Tamil Tiger positions Friday after the rebels blew up five soldiers and allegedly killed eight civilians in shelling, officials said. Supersonic jets bombed rebel-held territory after the Liberation Tigers of Tamil Eelam (LTTE) set off a road side bomb and ambushed a military vehicle, […]
Oram and Styris star in New Zealand win over Windies
ST JOHN’S, Antigua, March 29, 2007 (AFP) – Jacob Oram and Scott Styris starred in New Zealand’s seven-wicket win over the West Indies as the Black Caps began their Super Eight campaign in style at the Sir Vivian Richards Stadium here Thursday.For the West Indies this was a second comprehensive defeat in as many days […]
Moody urges Sri Lanka to learn from mistakes
GEORGETOWN, Guyana, March 30, 2007 (AFP) – Sri Lanka coach Tom Moody on Thursday stressed his team needs to learn quickly from the mistakes made against South Africa during their one-wicket defeat in the Super Eights match. “It will be important how we come back in our match against the West Indies (on Sunday) who […]
India great Tendulkar should quit, says Ian Chappell
NEW DELHI, March 30, 2007 (AFP) – Former Australian captain Ian Chappell on Friday suggested what millions of Indians had been dreading to hear – the great Sachin Tendulkar should hang up his boots.Chappell, whose younger brother Greg could be sacked as India’s coach next week following the team’s first round exit from the World […]
Contact Us
March 30, 2007 (LBO) – Sri Lanka added 16 more government department websites on the internet Thursday to make it easier for the public to get information, officials said. The websites, run by the Information and Communications Technology Agency (ICTA), are enabled in all three languages, Sinhala, Tamil and English. The government should increase its […]
‘s MJF group gets ready to push the leisure button
March 30, 2007 (LBO) – The Ceylon tea specialists Merril J Fernando (MJF) group is laying the foundation to enter the leisure sector despite the current downturn in the industry, officials said. The group has become a top player in the tea trade in Sri Lanka by marketing valued added ‘Dilmah’ branded Ceylon tea directly […]